FTSE 100 rises while European shares are down, rouble drops and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian citiesUkraine live updatesThe International Monetary Fund and the World Bank last night issued a rare political statement condemning Russia’s invasion of Ukraine.IMF managing director Kristalina Georgieva and World Bank president David Malpass said:We are deeply shocked and saddened by the devastating human and economic toll brought by the war in Ukraine. People are being killed, injured, and forced to flee, and massive damage is caused to the country’s physical infrastructure. We stand with the Ukrainian people through these horrifying developments. The war is also creating significant spillovers to other countries. Commodity prices are being driven higher and risk further fueling inflation, which hits the poor the hardest. Disruptions in financial markets will continue to worsen should the conflict persist. The sanctions announced over the last few days will also have a significant economic impact. We are assessing the situation and discussing appropriate policy responses with our international partners. Continue reading…
- FTSE 100 rises while European shares are down, rouble drops and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities
- Ukraine live updates
The International Monetary Fund and the World Bank last night issued a rare political statement condemning Russia’s invasion of Ukraine.
IMF managing director Kristalina Georgieva and World Bank president David Malpass said:
We are deeply shocked and saddened by the devastating human and economic toll brought by the war in Ukraine. People are being killed, injured, and forced to flee, and massive damage is caused to the country’s physical infrastructure. We stand with the Ukrainian people through these horrifying developments.
The war is also creating significant spillovers to other countries. Commodity prices are being driven higher and risk further fueling inflation, which hits the poor the hardest. Disruptions in financial markets will continue to worsen should the conflict persist. The sanctions announced over the last few days will also have a significant economic impact. We are assessing the situation and discussing appropriate policy responses with our international partners.